Business Registration, Incorporation, Start-up Services, Business Accounting and Tax Services
Commercial Comprehensive Business Accounting services for Business Start-up to Business Expansion, including Business Registration, Federal & Ontario Incorporation, Corporate Tax Return, Business Plan, Financial Statement, Payroll, PST & GST Registration & Remittance, Financial Records Management, Tax Planning, Coordinate Canada Revenue Agency Tax Audit and Sales Tax Audit, serving Greater Toronto area (including Ajax, Aurora, Brampton, Etobicoke, Markham, Mississauga, Newmarket, North York, Oshawa, Pickering, Richmond Hill, Scarborough, Stouffville, Toronto, Vaughan, Whitby and Woodbridge):

Selva Vettyvel
Selva Vettyvel -Professional Accountant - Cell (416) 568 4301
Specializing in Corporate Tax Return, Business Tax Return & Personal Tax Return
Thousands of Satisfied Self Employed Individual and Entrepreneur Clients Year After Year, Years of Experience, Business Tax Return Specialist
7 Eastvale Drive Suite 204 Markham L3S 4N8 - Markham Rd & Steeles Ave
 (Ample free parking)

Serving small business owners in Greater Toronto area including Ajax, Aurora, Brampton, Etobicoke, Markham, Mississauga, Newmarket, North York, Oshawa, Pickering, Richmond Hill, Scarborough, Stouffville, Toronto, Vaughan, Whitby and Woodbridge.

Smart  business owners never settle for persons who think accounting and tax filing are nothing more than adding and subtracting. Few business owners try to save money by relying on inexperienced personnel and performing accounting and tax filing shortcuts. Several bookkeeping functions are best handled by an experienced professional accountant. Make sure your business tax return and personal tax return are handled by a professional tax accountant with years of experience in filing tax return - This is the cost effective way of doing business.

A bookkeeper records the numbers. A professional experienced accountant analyzes the numbers to save the business owner’s tax, prepare tax return and guide the business owner towards a successful operation. Also a professional experienced accountant can make intelligent decisions that will enable a business to become more successful.


Selva Vettyvel specializes in Coordinating Canada Revenue Agency Audit, Reassessment & Compliance; Provincial Sales Tax Audit; GST and Payroll Audit, Compliance & Remittance; Business Start-up Assistance including Ontario & Federal Business Registration, Ontario & Federal Business Incorporation, Sole Proprietorship & Partnership Business Registration; and Financial Statement & Business Plan.

Selva Vettyvel offers a wide range of services to his individual and business clientele including sole proprietors, business entrepreneurs and corporate business partners & shareholders. His clients benefit from personalized, quality service that is beyond comparison.  Selva Vettyvel view his role in the financial reporting process as an opportunity to provide constructive solutions for maximizing his client's profitability and efficiency. Emil Alphonsus provides financial reporting on all three levels of assurance:
Audit - an intensive examination with the highest level of assurance.
Review - some analytical procedures conducted with limited assurance.
Compilation - based upon client information provided and used primarily for internal use.

Selva Vettyvel can provide comprehensive, flexible financial & taxation strategies that address the issues affecting your business.

Selva Vettivel can identify key tax planning opportunities that minimize both your current and future provincial & federal tax liabilities. He provides his clients with the taxation expertise and knowledge that they deserve throughout the year. His tax services offered include, but are not limited to:
Individual tax planning, business tax planning
Personal Tax return, Business tax return, Tax return for estate and trust, Tax return for not for profit organization
Provincial sales tax PST and federal goods and services tax GST commodity tax planning and compliance
Tax considerations in matrimonial settlements
Tax effects and consequences of buying or selling a business
Tax effective retirement and estate planning

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, SElva Vettyvel can assist you in achieving your company's financial goals.

A profitable business can still run into trouble due to cash flow issues. Selva Vettyvel can help your business in forecasting and evaluating your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.

Business Start-up Tips
Start a business doing what you enjoy doing. Running your own business can mean long hours so make sure you are interested in what you do. Can you sell your products or service and get customers? If you have no customers you have no business. Carry out market research before you start the business. Use weekends or take a few days holiday to really research and visit potential clients. How good is your own trading name and image? Do you want to be a friendly local company or do you want to convey a national professional image - your choice of name can do it either so think about it carefully. Do you need a corporate image or logo?  Choose one carefully and check it out first before using it.   Printed materials are too expensive to scrap so get your image right before going to print.
Do you need a prestige expensive business premises or will somewhere cheaper do? Can you start off from home?
Avoid signing leases - it's better to have a short rental. If your business fails or even succeeds and you need bigger premises you will be stuck with the lease. Be a tough negotiator; if you do sign a lease ask for a break clause after 12 months so you can cancel it without penalty. If they don't agree look elsewhere! There are lots of commercial and industrial rental space available everywhere!
Avoid giving personal guarantees. Do you really need that new car, very expensive interior decorations and expensive equipment? Are they really essential?
Have you got business skills and knowledge?  What skills do you need in your business? List them all on a piece of paper- you may be surprised how many you need. How can you improve your knowledge?  Don't start the business until you are satisfied you have the right skills for your enterprise.

Honestly - how good is the idea/business? Is there really a market for this product or service? - Think it through. Have you got the support of your spouse or partner? - Think it through - It's very important! Financial Matters

It is a minefield to go into business with someone else. Get the legal agreements drawn up before You do anything else. How committed is your partner? Do you trust them? Have they got any special skills you need? Would you be better on your own? Why are you choosing this partner? Only you can answer these questions - but you are reading these tips, is your partner? if not then forget it.

Work out how many customers you need to ensure all business payments are met. Can you work out profit mark ups? You must know what your product or service costs you and how much do you want to sell it for. How does your price above compare to competitors? Why should anyone buy from you? What is special about your product or service? Highlight that special feature most strongly.

Invoice your customers as soon as possible to improve your cash flow. Cultivate your good customers - people who buy regularly, who like your product and are happy to deal with you. Research why customers only bought once from you. Were they dissatisfied? Why? Examine your own business, ask for their views and improve it. Don't stand still. If your customers bought from you because you offered something new then they will go to a competitor just as easily. Come up with new ideas, offers, services to keep them interested.

Business “A” has one product it sells to 100 customers. Business “B” has 2 products it sells to 50 customers. Both achieve 100 sales so would appear equal but Business “B” has already earned loyalty by selling extra products, it could sell 3 products to the same 50 customers and increase sales by a third. The first business has one product to offer but could specialise in that and offer that product on better terms and it has more clients. Which is best for you? Do you specialize or sell a range; you must be sure of what you intend to do. Few businesses can live on repeat business alone; develop a strategy for gaining new customers. Develop a target of how many new customers you want each month. If you make the target high you will get disillusioned if you don't reach it. Set if fairly low and your attitude and outlook will be different as you exceed your own target.
Plan your time productively. Simply what do you want to achieve each working day? Set out your goals of must do and could do. Do all your daily must do before getting side tracked into could do.
Running a business has lots of duties, pressures, and things to do. How do you keep track? The first year is the most vital and risky for any new business. Can you survive? Plan the whole year, plan your sales, promotions and campaigns, plan your advertisements, plan holidays and breaks, plan your work load and plan for the unexpected - because it will happen.
Is your product or service a new idea or are you improving an existing one? Who are your competitors and customers? How many are there? Will people buy from you? Those questions are the key to your business plan; you must do one but include these points.
Do you have enough money to live off for the first 3 months when you must assume money may not be coming into the business? If you can re-invest money in to the business during the first 3 months you can make your business stronger. Make sure your customers pay on time or you will fail. Allocate time each week or month to chase up accounts.
How to bring out the message in your marketing? Attract with something new and interesting that the customer wants and they will buy from you. Don't make dishonest or misleading claims. Is your story believable? Put yourself in your customers’ position. Target your customers very carefully. Make sure you are reaching people who want, need or use your product.
Print all your brochures, sales literature in a style that is easily read. If people can easily read your literature they will remember your message. How you can satisfy the customer? Why you are better? What is unique about your product or service? What can you say that others don't? Choose where to advertise your business carefully. So choose the best media for your type of business. Make sure your money is spent with the one that is the best. Bigger advertisements do not necessarily get bigger sales.
Beware of giving better offers than the competitors give. If you give a special offer and spend money promoting it what happens if a competitor betters what you offer! You can play right into the hands of a competitor. Be unique!. Study other advertisements and promotions which do you think are good? Why did you answer this advertisement? Did this information hit the right spot with you? Be enthusiastic in your promotions - if you are not excited or enthusiastic about your product or service then your customers won't be either.
Don't give up, many very successful businesses succeed because the owners did not give up when the going got tough.

Before registering your business, it would be beneficial to consider the different options available to you. There are three common types of businesses: Sole Proprietorship, Partnership and corporation. Each has different and important implications for liability, taxation and succession. Please note that Sole Proprietorship and Partnership names have no statutory name protection. If name protection is important to you, you may wish to incorporate your business.
Starting a Sole Proprietorship is the simplest way to set up a business. A sole proprietor would be fully responsible for all debts and obligations related to the business. A creditor with a claim against a sole proprietor would normally have a right against the sole proprietor’s assets, whether business or personal. This is known as unlimited liability.
In a Sole Proprietorship, you would perform all the functions required for the successful operation of the business. These include: securing the capital; establishing and operate the business; assuming all risks; accepting all profits and losses; paying all taxes. The sole proprietor is said to be self-employed.
Advantages of Sole Proprietorship:
Low start-up costs
Greatest freedom from regulation
Owner in direct control of decision making
Minimal working capital required
Tax advantages to owner
All profits to owner
Disadvantages of Sole Proprietorship:
Unlimited liability
Lack of continuity in business organization in absence of owner
Difficulty in raising capital
No name protection
A Partnership is an agreement in which you and one or more people combine resources in a business with a view to making a profit.
In a General Partnership, you and one or more other owner would share the management of a business, and each partner would be personally liable for all debts and obligations incurred. This means that each partner is responsible for, and must assume the consequences of the actions of the other partner(s).
In order to establish the terms of the Partnership and to protect you in the event of a disagreement or dissolution of a Partnership, a Partnership agreement should be drawn up. You would share in the profits according to the terms of the Partnership agreement.
A Limited Partnership involves limited business partners who combine only capital. They are not involved in managing the business and cannot be liable for more than the amount of capital they have contributed. This is known as limited liability. A Limited Partnership also involves general partners, who are involved in management. General partners are fully liable for the debts and obligations of the business, but may be entitled to a greater share of the profits.
Advantages of Business Partnership:
Ease of formation
Low business start-up costs
Additional sources of investment capital
Possible tax advantages
Limited regulation
Broader management base
Disadvantages of Business Partnership:
Unlimited liability
Divided authority
Difficulty in raising additional capital
Hard to find suitable business partners
Possible development of conflict between business partners
Partners can legally bind each other without prior approval
Lack of continuity
No name protection
A corporation, also known as a limited company, is a legal entity that is separate and distinct from its members (shareholders). When a company is incorporated, it acquires all of the powers of an individual, an independent existence – separate and distinct from its shareholders, and an unlimited life expectancy. In other words, the act of incorporation gives life to a legal entity known as the corporation, commonly referred to as a company. A company can acquire assets, go into debt, enter into contracts, sue or be sued. Ownership interests in a corporation are usually easily changed. Shares may be transferred without affecting the corporation’s existence or continued operation.
Normally no member can be held personally liable for the debts, obligations or acts of the corporation beyond the amount of share capital the members has subscribed. Each shareholder has limited liability. A creditor with a claim against the assets of the company would normally have no rights against its shareholders, although in certain circumstances shareholders may be held liable. Because the corporation is a separate legal entity, its existence does not depend on the continued membership of any of its members.
Advantages of Business Incorporation:
Limited liability
Possible tax advantage (if you qualify for a small business tax rate)
Specialized management
Ownership is transferable
Continuous existence
Separate legal entity
Easier to raise capital
Disadvantages of Business Incorporation:
Closely regulated (For example, the Business Corporations Act requires all companies to file an annual report and also file any changes to the location of company offices and its directors. The company is also required to maintain certain corporate records.
Most expensive form of business to organize (higher start-up costs related to professional fees for legal and accounting services)
Charter restrictions
Extensive record keeping necessary
Possible double taxation of profits
Shareholders (directors) may be held legally responsible in certain circumstances
Personal guarantees undermine limited liability advantage

Choosing a business name can be a very important factor contributing to the success of your new business. A better business name can act as an effective advertising tool by communicating something about your business  and help customers understand what it is that your business does. When you register to incorporate a company under the Canada Business Corporations Act, you may choose to use a corporate name or have a numbered name assigned to you. Although incorporating under a company name involves additional effort and expense, there are advantages to doing so. A corporate name is an important part of corporate communication and advertising today and can be a very valuable asset. It tells people who you are and will often represent the goodwill that you have built up with your customers and suppliers.
An approved federal corporate name offers an extra degree of protection of your rights to that business name.  Specifically, federal incorporation allows your business to operate using its corporate name right across Canada, which is important if you decide to expand your business to other provinces or territories. Your business name must meet certain requirements before it is approved by Corporations Canada. The name must be distinctive, must not cause confusion with any existing business name or trade-mark, must include a legal element and must not include unacceptable terms. It must be easy to distinguish your proposed business name from the names of other businesses that carry on the same activities. Your business name will not be distinctive if it merely describes those activities.  You can achieve distinctiveness in a number ways. One of the most common is to include an element that makes it distinctive. Personal names are sufficiently distinctive and are acceptable in a corporation's name. Generally, however, you cannot use your name alone as the name of the corporation. Made-up words also give distinctiveness to a business name. They can be a combination of two dictionary words or something completely new. Unusual business names are highly distinctive and are given greater protection because they are unique. It is to your advantage to learn about potential business name conflicts as soon as possible. If your business name is too close to an existing corporate name or trade-mark, the owner of that corporate name or trade-mark could launch a court action to compel you to stop using your business name and perhaps even to pay damages.
For many people, the prospect of discovering that their corporate name may be confused with another corporate name is intimidating. This is particularly true if you have invested considerable time and effort in coming up with a company name or have been operating under the proposed name for some time before incorporating. The federal name approval process helps you to avoid this problem by identifying potentially confusing names or trade-marks in a federal database of names and ensuring that you satisfy yourself that confusion is not likely.
In assessing possible confusion, Corporations Canada looks at all circumstances, including a comparison of the goods, services and operating area of your proposed business with those of existing businesses. While name approval from Corporations Canada does not guarantee that you are not violating the rights of another firm or individual, it significantly reduces your risks.
You must submit a NUANS® Name Search System report as part of your application to use your corporate name. A NUANS® search compares your proposed name with a federal database of names that includes trade-marks, provincial and federal corporate names and most provincially registered business names.
The accepted way to include a legal element in a corporate name is to add a term to the end of the name such as Limited, Incorporated or Corporation, or contractions of these such as Ltd., Inc. or Corp.
Your corporate name cannot falsely describe your business.  A strong, descriptive corporate name may be used to provide potential industrial customers with a clear understanding of what your company does. Any business owner knows that competing with other businesses for clientele is difficult. Therefore, choosing a corporate name that brings a lasting image to mind may be profitable. Choose a few corporate names that fit the image you want to create. Test them out on friends, family, and potential customers. Try some corporate names that are strong on imagery, others that are strong on description, and still others that fall somewhere in-between. Pay particular attention to testing your business names with people in your target market - the core consumer groups whose patronage you intend on capturing. Have these people write down their impression of what the business would sell, how it would be run, etc. Compare their thoughts with your own.
When registering your new business name, a fee will be charged to ensure that your business name shall only be available for use by you for advertising, signage, and legal purposes. You will be required to specify the type of business organization (sole proprietorship, partnership or corporation). For some businesses, a Canada-wide name registration is preferable. A good corporate name provides the customer with a description of your business.
Federal business incorporation is done through Corporations Canada of Industry Canada in Ottawa. The most stringent tests are put into place before granting the right to use a particular business name. A higher level of scrutiny is used by Corporations Canada than by the Provinces. Federal incorporation also allows the company to "carry on business" anywhere in Canada using its own name, and there are no restrictions on where the head office can be located. Even if a company is federally incorporated business, it may have to register with each province it chooses to conduct business in and the business registration fees vary from province to province.
The Government of Canada, Newfoundland & Labrador, Nova Scotia, and Ontario are now working together to streamline the federal business registration process.
The most important part of your business name registration is a NUANS® report. There are several types of NUANS® reports and the one you need for federal business incorporation is a Canada-biased report. A Canada-biased report means that the proposed corporate name was searched against all the business names found in the database, not just business names registered in a particular province. The NUANS® report is valid for 90 days. If you do not submit your application for business incorporation within that period, you must get a new NUANS® report. The business name approval process does not guarantee protection against business names or trade-marks existing at the time the business name is approved. While the NUANS® search report is usually very reliable, the NUANS® system is not foolproof. The responsibility for ensuring your business name does not infringe on the rights of others is yours alone. It is also up to you to make sure that no new business names or registered trade-marks infringe on your rights.
No consent is required if you are signing the incorporating documents or if you will be a director of the new corporation. Otherwise you will have to provide such consent.